【$ICP Signal】Bidirectional Pending Orders Hidden! 1H Triangle Convergence Ending, Imminent Reversal

$ICP The 1H timeframe is at the extreme compression end of the triangle convergence, with price oscillating narrowly between $2.283 and $2.311. The 4H timeframe remains in a downtrend, but the RSI (40.46) on the 1H chart shows signs of bullish divergence, and open interest (OI) remains stable without panic selling. The current price of $2.294 is exactly below the 1H EMA20 ($2.319), indicating a typical pre-reversal scenario. Market logic suggests a decline, but stable OI indicates this is more likely a shakeout after a long squeeze rather than a main force distribution. The order book imbalance of 1.56% shows slightly more selling pressure, but there are heavy buy orders accumulated in the $2.275-$2.285 range, forming a strong support.

🎯 Direction: Wait and see (Bidirectional Pending Orders)

⚡ Breakout Long Entry Order: $2.312 ( Reason: Breaks above the 1H triangle upper boundary and EMA20 resistance, confirming bullish momentum )

⚡ Pullback Long Entry Order: $2.278 ( Reason: Rebounds to the strong support zone of the 4H previous low, combined with heavy buy orders )

🛑 Stop Loss (Long): $2.255 ( Reason: Break below the dense support zone and ATR lower band )

🚀 Target 1 (Long): $2.35 ( Reason: 4H EMA20 resistance and previous small platform )

🚀 Target 2 (Long): $2.39 ( Reason: 4H previous high and Fibonacci 0.382 retracement level )

🛡️ Trading Management:

- Position Size Suggestion: Light position ( Reason: Market direction is unclear, it’s a left-side game with higher risk )

- Execution Strategy: When either pending order is triggered, if the price quickly reverses and hits the other order, automatically hedge or cancel the other order. After reaching Target 1, reduce position by 50% and move stop loss to entry price.

Deep Logic: The current 1H candle has a very small body, and volatility (ATR 0.064) is compressed to the limit — a calm before the storm. Negative funding rate (-0.0368%) suggests bears are dominant, but if the price doesn’t fall, it could easily trigger a short squeeze. The key is OI change; if OI rises in sync with a breakout, it’s a genuine signal. The buy wall at $2.275 is the main force’s defense line; breaking below it would damage the short-term structure.

Trade here 👇 $ICP

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL